UBS Group (NYSE:UBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Also, effective cost reduction initiatives will likely support its bottom line growth. However, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework.”
Several other analysts have also weighed in on the company. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. TheStreet upgraded UBS Group from a “d” rating to a “c” rating in a report on Monday, November 27th. Societe Generale restated a “hold” rating on shares of UBS Group in a report on Monday, October 30th. Instinet lowered UBS Group from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Finally, Credit Suisse Group raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.00.
UBS Group (NYSE:UBS) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.26 earnings per share for the quarter. The business had revenue of $7.42 billion during the quarter. UBS Group had a return on equity of 8.01% and a net margin of 11.28%. equities research analysts expect that UBS Group will post 0.64 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of UBS Group by 5.7% during the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock valued at $1,463,669,000 after purchasing an additional 4,634,833 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of UBS Group by 2.8% during the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock valued at $708,350,000 after purchasing an additional 1,136,180 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of UBS Group by 3.3% during the third quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock valued at $356,125,000 after purchasing an additional 668,175 shares during the last quarter. State Street Corp lifted its holdings in shares of UBS Group by 0.3% during the second quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock valued at $263,411,000 after purchasing an additional 50,948 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of UBS Group by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock valued at $174,745,000 after purchasing an additional 290,696 shares during the last quarter. 33.94% of the stock is owned by institutional investors and hedge funds.
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UBS Group Company Profile
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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